Black & Decker’s employees are getting a little something for the holidays: The company is reinstating its 401(k) plan match effective December 1.
The tool and accessories, hardware and home improvement products manufacturer will return the match to its prior level, which was 50 percent on the first 6 percent contributed, according to a Securities and Exchange Commission filing.
The match had been suspended in April, said Roger A. Young, vice president of investor and media relations.
“It was always intended to be temporary,” he said of the suspension.